business environment in vietnam

Update news business environment in vietnam

Task is tough to realise business environment goals

Despite great efforts to improve the business environment and simplify administrative procedures, there are still many complexities undermining businesses.

Unprecedented solutions provided for foreign firms in Vietnam: Official

As of January 2024, there were 8,058 businesses with over 50% of their charter capital invested by the RoK, accounting for 28% of all FDI firms in Vietnam.

Legal compliance costs are burdening enterprises

The "Turn right only" regulation on roads has caused a headache to a building material company.

Vietnam remains ideal destination for global giants

Despite a decline in global investment flows, Vietnam remained an attractive destination for foreign companies, especially large-scale enterprises, experts have said.

Nearly 10 hours needed for each business inspection in 2022 – report

Each company inspection last year required an average of 9.8 hours and a cost of VND1.8 million, according to the Administrative Procedure Cost Index 2022 (APCI 2022) report.

More work needed to improve administrative procedures on investment

Improvements in the group of investment administrative procedures are still slow and not yet in sync with policies to attract investment at the local level.

Businesses forced to suspend production because of unreasonable regulations

Under current regulations, measuring tools used for private purposes must also be managed like tools used for public purposes, which affects businesses’ operations.

Vietnam records biggest hike in EIU's global business environment ranking

Viet Nam jumped 12 positions in the latest Global Business Environment Rankings for the second quarter of this year released by the Economist Intelligence Unit (EIU) under the UK’s Economist Group.

Thousands of enterprises await instructions on fire prevention, control

The business community was happy to hear that the Prime Minister has released urgent instructions requesting ministries, branches and localities to quickly solve  problems that are obstructing enterprises’ operations.

Over 60,000 Vietnamese businesses close in 2014

 VietNamNet Bridge - As reported by the Ministry of Planning and Investment, during the period between January and November, Vietnam had 67,790 new businesses, with a total registered capital of VND391.3 trillion.